Producer surplus is the difference between:

Question

Producer surplus is the difference between:

the maximum price a seller is willing to accept and the market price.

the maximum price a buyer is willing to pay and the market price.

the market price and the minimum price a seller is willing to accept.

the market price and the minimum price a buyer is willing to pay.

which one is right?

Answer 1

that should have been answered in your other question

Answer 2

Producer surplus is the difference between:

that should have been answered in your other question

The correct answer is: the market price and the minimum price a seller is willing to accept.